Bids are due by Feb. 21. All work must be finished by the end of November 2013, according to bid documents—though McElroy has said he hopes to have the work done this year.

The stadium will include six suites and a synthetic turf field. UAlbany is preparing to market the suites, as well as naming rights for the stadium and the field itself.

Upgrades to UAlbany's track-and-field facilities, and a new recreation field for students, are also part of the bid.

UAlbany's current football field opened in 1970, when the team was a club sport. UAlbany has moved up to Division I, the top tier of collegiate competition, and won its conference championship last fall.